|07 October, 2019

Monday outlook: Asian shares rise, oil drops, gold gains

US and Chinese officials will meet in Washington on Oct. 10-11 in the next, much-anticipated fresh effort to work out a deal

An investor walks past a screen displaying stock information at a brokerage house in Shanghai, China May 6, 2019.

An investor walks past a screen displaying stock information at a brokerage house in Shanghai, China May 6, 2019.

REUTERS/Aly Song

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Asian shares buoyed by U.S. jobs, trade talks in focus

Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy

Oil prices on ebb tide as gloom gathers over global economy

Oil prices fell on Monday, extending last week's heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China trade war

Mideast Stocks: Most of Gulf rises on modest U.S. job growth, Saudi ends losing streak

Most Gulf markets closed higher on Sunday mirroring the previous session's rise in global stocks on easing concerns about the U.S. economy, while Saudi Arabia ended three consecutive days of losses

Gold rises ahead of U.S.-China trade negotiations

Gold prices advanced on Monday as markets braced for U.S.-China trade negotiations during the week with lesser hopes of a breakthrough, following a report that Chinese officials may not be as willing to bend.

(gerard.aoun@refinitiv.com)


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